Many people in North Idaho have seen their dream of buying a home forever fade away, and with it the opportunity for stability and wealth creation that comes with owning a home.
Who are these displaced working households? The very people who drive the economic engine of Kootenai County! Our teachers, nurses, firefighters, mechanics, electricians, and so many more who earn good Idaho wages. These are NOT low-income households. Many make a combined income averaging $100,000 but they can no longer afford to buy a market priced home.
Kootenai County’s homeownership crisis is causing skilled and experienced workers to leave our area, negatively affecting local businesses, tax revenues and economic growth.
In the last seven years, the median price of a single-family residence in Kootenai County has more than doubled to over $500,000. So middle-class households, like our local teachers, firefighters and police officers who earn good Idaho wages, can no longer afford to buy. This adds to the rental shortage.
The homeownership crisis is causing skilled and experienced workers to leave our area, negatively affecting local businesses, tax revenues and economic growth.
Can North Idaho’s Housing Crisis be solved? YES.
PAHA is launching proven, innovative solutions right here in Kootenai County. And these solutions are scalable across the entire state. NO FEDERAL FUNDING IS INVOLVED. THESE SOLUTIONS WILL BE PRIVATE MARKET DRIVEN with MUNiCIPAL AND STATE INCENTIVES.
